@bentalksmoney: Over the years i’ve seen a bunch of people lose a stack of their #superannuation money through #investing through an #smsf into #property - it can work but for most people its a #financialdisaster

Ben Nash Investing & Tax tips
Ben Nash Investing & Tax tips
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Region: AU
Monday 19 June 2023 01:13:58 GMT
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iamjameswrigley
James Wrigley :
When this goes well, it goes really well. When it goes bad, it goes very bad. I guess that’s leverage for you.
2023-06-19 11:48:54
7
pathig4567
Patrick :
My SMSF had a 45% return this year. Find me an industry fund that showed half that number.
2023-06-22 11:36:28
10
jamestaylor1975
James Taylor :
Positive is Leverage of property value & it doubling over 7-10 years & no capital gains tax on retirement. Pay it off from employer contributions 👍
2023-06-19 10:37:16
4
domenz100
domenz100 :
you can set up a bare trust deed for $900 and a smsf for $830? interest rate is very close to outside of super. 20% deposit is standard anyway?
2023-06-19 09:14:36
5
pinstripe_suitz
Pinstripe :
Yes!! This is so spot on. Why have a SMSF when u can just pay 1% or so to have all the work done for u and done right without risk of non compliance.
2023-06-19 03:31:24
0
rachpropta
rachpropta :
What about the CGT savings 15% or less in SMSF vs marginal tax rate in personal name?
2023-06-19 21:24:48
2
jimpetritsis916
😘 :
I’m a bus driver on 100k a year, 47 years old and my super has a net value of just over 1 million!! It’s a no brainer, those set up cost r all one off
2023-06-20 15:24:34
4
jessjeepback
Jess Jeepback :
Is it only property that can be purchased via SMSF?
2023-06-19 12:44:19
1
simon_oz
Simon :
Always the best advice out of all the financial help on TikTok.
2023-06-19 05:48:25
3
husseinghazi59
husseinghazi59 :
well said
2023-06-19 03:44:41
3
o_va_it
Sick of the BS :
Unless you love paperwork and being hassled by the ATO don’t do it. Very time consuming and stressful. Speaking from experience
2023-06-19 02:54:09
0
banoffee007
banoffee :
Out of interest, can you borrow to buy shares within a SMSF? My investment properties paid off, but man I hated the repairs and upkeep v shares
2023-06-19 02:00:07
0
gary.sfdc8
Gary :
Hi Ben, I have No more Servicability left, id I use Super, I can buy one More property. what's your thoughts on this?
2023-06-19 02:52:32
0
scottdonaldson71
Scott Donaldson385 :
The key is not to have a loan inside your SMSF. Works a treat when the market has high interest rates and high yields
2023-06-19 09:07:51
0
tall_tales3
Tall_Tales :
yeah, this has to be one of the worst views around SMSF imo
2023-06-21 06:44:06
0
enasleventis
Enas Leventis :
Do not agree with your comments SMSF is the best thing I did 20 years ago
2023-06-19 09:10:45
1
dffyzn
dffyzn :
I've lost 10s of 1000s in super funds over the years. I chose to do SMSF at least I control it.
2023-06-19 12:48:14
0
bobby_babb
B O B B Y :
Sensible observations, thanks.
2023-06-19 03:07:00
1
gounda69
Goonda69 :
I have heard so much about this but never new the reality of this setup. Thank you so much. Will keep u in mind for any opportunities.....😁😁😁
2023-06-19 09:54:13
2
milancatwalker
Alain from Milan :
You blew this one mate 1 read the comments
2023-06-22 23:50:09
2
hanymicho
ĤÅŊŶ :
still better than leaving your super with superannuation giant companies who uses ur super for thier own profit speaking out from personal experience 😎
2024-09-28 21:25:42
0
tocalifeforever1
Hi :
Can you use smsf overseas
2024-07-16 12:17:08
0
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